July 14, 2015 / 12:34 PM / in 2 years

Canadian home prices rise in June, pace of growth increases

TORONTO, July 14 (Reuters) - Canadian home prices rose in June from a month ago and a year earlier, and the pace of the gains was higher than in May, the Teranet-National Bank Composite House Price Index showed on Tuesday.

The index, which measures price changes for repeat sales of single-family homes, showed national home prices rose 1.4 percent last month from May. Prices were up 5.1 percent from a year earlier. (Reporting by Jeffrey Hodgson; Editing by Chizu Nomiyama)

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